I think Trashfuture pod has probably the best coverage of "what the fuck even is capitalism" with respect to THE LINE, that is the stock market (or rather the value of a company) has become increasingly detached from underlying value of company itself (it's assets, production, profit, etc.) and more into the realm of speculation. Thus you end up with things like Tesla being one of the most valuable (by market cap) car companies in the world when its fleet production is like 1/10th of the least valuable car company, or shit like Signal (The medical company) stock skyrocketing after the WhatsApp announcement, not because some random medical company has become more valuable but because of the expectations that other people will buy it so why not make a purchase anyway.
what the fuck even is capitalism? 3.3 billion lost because reddit was memeing? Goddamn.
the most stable progressive and sensible form of arranging a populace for mutual betterment.
obviously.
I think Trashfuture pod has probably the best coverage of "what the fuck even is capitalism" with respect to THE LINE, that is the stock market (or rather the value of a company) has become increasingly detached from underlying value of company itself (it's assets, production, profit, etc.) and more into the realm of speculation. Thus you end up with things like Tesla being one of the most valuable (by market cap) car companies in the world when its fleet production is like 1/10th of the least valuable car company, or shit like Signal (The medical company) stock skyrocketing after the WhatsApp announcement, not because some random medical company has become more valuable but because of the expectations that other people will buy it so why not make a purchase anyway.
Anyway, 10/10 would recommend listening to